PNC Bank giving $5.5M to center for banking technology at CMU
PNC Bank will contribute $5.5 million over five years to a new center at Carnegie Mellon University's Tepper School of Business that will research technology in retail banking.
CEO James Rohr announced the PNC Center for Financial Services Innovation on Tuesday during a speech at CMU. “Advances in technology and their potential application in financial services underscore the importance of research and education in these areas,” Rohr said. “We are confident that our continued work together will bring tested, secure solutions by introducing new technology and services that will improve the banking experience.”
Sunder Kekre, the Bosch Professor of Operations Management at CMU's Tepper School, was named director of the new center, which also will try to capitalize on new technologies and the effective use of data to advance the functionality of banks and the services they offer to customers, PNC said.
Add Alex Nixon to your Google+ circles.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Highmark lays off nearly 100 workers, mostly in IT, as membership declines
- Toyota Mirai to run on hydrogen fuel cells, widen green-vehicle divide
- Severance tax on natural gas drilling backed by Pa. voters
- Easier home loan rules worry some
- Wolf tax proposal puts Beaver County Shell plant at risk, gas group head says
- Few in Westmoreland County opposed to expansion plan for Mariner pipeline
- Mylan closes $5.3B tax-lowering deal with Abbott Labs
- Corporate food masquerades as hipster fare
- Nissan’s sport coupe a performance steal
- Stocks wrap best month since 2011
- Colorado a handsome contender